Ascent Industries Co. (ACNT)

Market Cap	82.32M
Revenue (ttm)	280.79M
Net Income (ttm)	-37.64M
Shares Out	10.13M
EPS (ttm)	-3.71
PE Ratio	n/a
Forward PE	7.79
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,608
Open	7.87
Previous Close	7.93
Day's Range	7.87 - 8.07
52-Week Range	7.32 - 11.57
Beta	0.62
Analysts	Strong Buy
Price Target	20.00 (+147.83%)
Earnings Date	Nov 8, 2023

About ACNT

Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products. The company also manufactures ornamental stainless steel tubes for supply to the automotive, commercial tra...

• Industry: Steel
• Sector: Materials
• Founded: 1945
• Employees: 698
• Stock Exchange: NASDAQ
• Ticker Symbol: ACNT

Financial Performance

In 2022, ACNT's revenue was $414.15 million, an increase of 23.73% compared to the previous year's $334.72 million. Earnings were $22.07 million, an increase of 8.99%.

Analyst Forecast

According to one analyst, the rating for ACNT stock is "Strong Buy" and the 12-month stock price forecast is $20.0.

Price Target

$20.0

(147.83% upside)

Analyst Consensus: Strong Buy